Author: NBTC

Zcash founder Zooko Wilcox-O’Hearn has sharply criticized cryptocurrency exchange Coinbase for aggressively pushing gambling-like features to its user base. On Saturday, Zooko took to X (formerly Twitter) to voice his intense frustration over the platform’s tactics. “Talked to a user (a vulnerable, young, unsophisticated, financially poor user) who has the Coinbase app, and it has started prompting them to gamble on sports and the price of Bitcoin,” Zooko stated. “I hate this with a burning passion and it makes me ashamed to be part of this industry,” he added. Defending “financial freedom” Coinbase CEO Brian Armstrong has made it clear…

In brief Bitcoin clawed its way back to $60,000 Wednesday after falling below $58,000, its lowest level since September 2024. The rebound followed softer-than-expected U.S. jobs and factory data and noncommittal comments from Fed Chair Kevin Warsh, easing fears of further rate hikes. It caps a brutal June in which U.S. spot Bitcoin ETFs shed a record $4.5 billion, even as Glassnode data shows long-term holders quietly accumulating. Bitcoin bounced off its lowest level in nearly two years Wednesday, as soft U.S. economic data and noncommittal comments from the Federal Reserve chair gave respite to a battered market. The largest…

Institutional crypto financial services firm Galaxy Digital (Nasdaq: GLXY) has identified a fundamental tension between the U.S. Securities and Exchange Commission’s (SEC) custody regulations and the growing demand for decentralized finance (DeFi) strategies among institutional investors. The firm’s analysis highlights a structural contradiction that is increasingly complicating compliance for Registered Investment Advisors (RIAs). The Core Conflict: Qualified Custodian vs. Self-Custody Galaxy Digital’s report points out that current SEC rules require client assets to be held by a qualified custodian. This requirement effectively excludes self-custody models, which are a cornerstone of many DeFi participation strategies. For RIAs, this creates a practical…

Traders scanning the order books got a surprise when OndoFinance’s $SPCXon surpassed $10 million in tokenized market cap. The token is now available across Ethereum, $BNB Chain, and Solana, marking a significant milestone for the project. This news was confirmed in a recent tweet by Token Terminal, highlighting the growing interest in tokenized assets. The Latest The broader cryptocurrency market shows mixed signals, yet OndoFinance’s announcement has brightened the outlook for $SPCXon. With its recent market cap milestone, traders are increasingly curious about how this will influence the altcoin landscape. The availability of $SPCXon on major blockchains like Ethereum, $BNB…

Christoph Jentzsch, a veteran Ethereum developer with no formal $ENS governance role, has proposed shutting down the $ENS DAO entirely. The treasury would be better handled if it were in the hands of an outside steward, according to Jentzsch. This is the third competing idea for how the $ENS should be run, with the two other ideas proposed by the $ENS Labs’ Chief Operating Officer, Katherine Wu. What is Christoph Jentzsch proposing? Ethereum Name Service governance reached a new turning point on July 1 as the governance drama has started to attract suggestions even from people without any official role…

South Korea’s largest cryptocurrency exchanges, Upbit and Bithumb, have recorded remarkable trading volumes in some altcoins over the past 24 hours. When the data from the two exchanges are evaluated together, Solstice ($SLX) clearly took the top spot in terms of volume. $SLX generated a trading volume of $122.4 million on Upbit and $27.6 million on Bithumb, reaching a total volume of approximately $150.1 million. $XRP, Worldcoin ($WLD), RE, Powerledger (POWR), and Definitive ($EDGE) also stood out among the altcoins most traded by South Korean investors. In particular, $XRP’s total volume across two exchanges exceeded $56 million, while $WLD’s total…

US-listed spot Bitcoin exchange-traded funds (ETFs) posted a record $4.5 billion in net outflows in June, more than three times the $1.25 billion Strategy is authorized to raise through its new Bitcoin monetization program. The record monthly withdrawals pushed US spot Bitcoin ETFs to roughly $5.5 billion in year-to-date net outflows for 2026, reducing cumulative net inflows since the funds launched to about $51.2 billion, according to SoSoValue data updated on Wednesday. BlackRock’s iShares Bitcoin Trust (IBIT) accounted for about 79% of June’s withdrawals, posting $3.55 billion in net outflows, according to Farside Investors. Monthly flows in US-listed spot Bitcoin…

Strategic migration: Lora Finance moves the deployment of its v2 protocol from MegaETH to the Solana network. Rising metrics: Solana’s infrastructure records an average of 1,100 transactions per second (TPS) and is nearing 7 million active addresses. Trading levels: The network’s token trades around $77, maintaining critical support in the $73 range. The decentralized finance protocol Lora Finance officially announced the migration of its v2 version launch from the MegaETH Layer 2 network to the Solana blockchain. The organization based this technical move on the processing speed, available liquidity depth, and diversified access to multiple digital assets offered by the…

Crypto Venture Enters New Phase as Investor Count Falls to 6-Year Low of 651 The number of active crypto investors has fallen to its lowest level in six years, even as capital flowing into acquisitions is accelerating sharply. Cryptorank data shows unique crypto investors declined to 651 in the second quarter of 2026. That is down from a peak of 2,564 investors in 2022. The only weaker period was 2020, when quarterly participation ranged between 250 and 450 investors. The data points to a market that is no longer being funded by a wide base of generalist venture firms. Instead,…

TRON could be emerging as one of the strongest Layer 1 contenders heading into Q3. From a technical perspective, $TRX closed June down 10.35%, largely in line with the broader market’s risk-off move that erased $500 billion from the market. Even so, its relative strength stood out. Despite Solana benefiting from renewed interest in tokenized assets following the SPCX launch, $TRX still outperformed $SOL. That resilience becomes even more compelling when viewed alongside TRON’s on-chain data. As the chart below shows, the network processed 385.77 million transactions and recorded 26.97 million active accounts in June, both new monthly records, according…